Margin calls will play a small part IMO
But the major influence will be the hedge funds unwinding there positions.
A favourite of theirs was long RIO short BHP. The unwinding of thse positions will put more pressure on Rio and lend support to BHP
monnkey chomp at $41.00, page-10
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 (20min delay)
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Last
$123.31 |
Change
1.650(1.36%) |
Mkt cap ! $45.77B | |||
| Open | High | Low | Value | Volume |
| $123.90 | $124.47 | $122.50 | $208.3M | 1.686M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1271 | $123.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $123.35 | 786 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |